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appears to be following -- the falling apart due to the credibility of the accuser. there is a big trade dispute going on right now. the european union and mexico which took objection to the abuse of quotas, china must either appeal the ruling or comply by removing the restririctio. failure to do so will enable the u.s. to respond with trade sanctions. they are used in the electrical appliances and predominantly in ththe stl industry. the banking system could also be headed for some big trouble. they have failed to keeeep track of economic stimulus funds. the total value could be well over 300 billion euros. the scale of such loans could pose a threat to china of's entire banking system and the risk exposure could change the credit outlook. the trade manufacturer has plans to cut more than 1400 jobs. a move that will eliminate half of the entire work force. the decision comes after they failed to win a major contract to build more than 1000 train carriages in britain. >> of the contract is part of the plan to upgrade the rail lines. the consortium won the final better. the contract calls
will wreck the climate and we will wreck the oceans. >>reporter: and big brand bikes mean business in india, as demand for luxury two wheelers revs up >>i walked into the mall and they had this showroom, i saw the bikes and i knew i had to get one. >>reporter: hello and welcome. i'm raya abirached and this is world business, your weekly insight into the global business trends shaping our lives. three decades of urbanization and economic reforms have lifted hundreds of millions of chinese out of poverty. the big concern now is how to keep feeding them. changing diet, increasing demand and tightening supply threaten the country's food security. it's a delicate balancing act and one that has implications for commodity markets worldwide. >>reporter: dragon spring village, in the hills above chongqing - where li xingming's family has worked the fields since the 19th century. >>before, our village never planted vegetables, only rice. now, we grow vegetables and we grow less rice, we just grow what we need. >>reporter: this growing and changing demand is coming from china's ever expanding cities -
! why is he introducing it? >> i think the president is acting in good faith. i think he wants a big deal. i think he will take cuts that contracts won't want and take taxes. because his presidency and the future of the country -- he believes -- [everyone talking at once] >> socialistic. that what you're saying. >> vaguely socialistic, yes. >> when they came out with the report he said -- >> what is that report? >> that's a report that deals with the long-term deficit problems of this country. >> they recommend taxation, do they not. >> they had a whole series of recommendations, and the president said i will stand by what they did, except they're still waiting for him to stand by them. >> he's never taken it seriously, in not in his budget, not in his budget state, know when bowl simpson came city. not when they wanted a clean debt limit increase. so that he is winning a debate over the fiscal future of the country is astonishing! and. >> but he's keeping something else off page one! what is it? >> this is a genuine. >> the unemployment problem? it doesn't even figure in this. >> co
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